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National Investments denies CEO stake buy in Osos

National Investments denies CEO stake buy in Osos
Photo Credit: Arabianeye-Reuters
NINV
NINV
1.61% 252.00 4.00
OSOS
OSOS
-4.84% 86.60 -4.40

Kuwait – Mubasher: National Investments has denied a recent article published in a local newspaper on Monday stipulating that the company’s CEO has purchased a stake in Osos Holding.

National Investments clarified that the 95,000 shares bought in Osos are linked to National Investments as a company, not the CEO as an individual, according to a bourse statement issued on Monday.

At the stock level, National Investments closed Monday’s session at 106 fils, while Osos closed the session 3% higher at 138 fils.